Seaspan Corporation (NYSE:SSW) is scheduled to be releasing its earnings data after the market closes on Monday, July 24th. Analysts expect Seaspan Corporation to post earnings of $0.16 per share for the quarter.

Seaspan Corporation (NYSE:SSW) last released its quarterly earnings data on Wednesday, April 26th. The shipping company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Seaspan Corporation had a negative net margin of 12.29% and a positive return on equity of 8.08%. The firm had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $204.09 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts expect Seaspan Corporation to post $0.7 EPS for the current fiscal year and $1.1 EPS for the next fiscal year.

Seaspan Corporation (SSW) opened at 6.74 on Monday. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $7.43. The stock’s market capitalization is $737.91 million. Seaspan Corporation has a 12-month low of $5.02 and a 12-month high of $15.45.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 20th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Tuesday, July 18th. Seaspan Corporation’s dividend payout ratio (DPR) is presently -32.26%.

A number of research firms recently commented on SSW. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 target price on shares of Seaspan Corporation in a research note on Friday. Zacks Investment Research cut shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. BidaskClub upgraded shares of Seaspan Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Citigroup Inc. upgraded shares of Seaspan Corporation from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Tuesday, May 2nd. Finally, Credit Suisse Group cut shares of Seaspan Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $7.00 to $6.00 in a research note on Monday, May 1st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.94.

WARNING: This article was reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at

Seaspan Corporation Company Profile

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

Earnings History for Seaspan Corporation (NYSE:SSW)

Receive News & Ratings for Seaspan Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaspan Corporation and related companies with's FREE daily email newsletter.